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Argentina, Brazil Reach Accord
To Liberalize Trade in Vehicles

BUENOS AIRES -- Argentina and Brazil on Friday signed an agreement establishing new rules for the auto sector, which will go into effect as of Aug. 1.

Uruguay and Paraguay, fellow members of the Southern Cone Common Market, or Mercosur, had been expected to sign on to the accord this week but in the end didn't. Presidents from the four Mercosur countries held a summit in the Argentine capital Friday.